Bus508 Week 4.Docx

BUS 508: Contemporary Business

Dr. Denean Robinson

Assignment1: Entrepreneurial Leadership

Submitted by

Kayla Jeffries

January 21, 2012

1. Analyze and describe the founding leader(s), leadership style, and major business principles of a profit-oriented entrepreneurial approach in which the primary goal is to provide a product or service to consumers and to make a profit.

Sam Walton, the founder of Wal-Mart, was an excellent role model and visionary. He was a humble and modest leader who was close to his employees. His leadership style and major business principals were popular among his employees and is still in use today. Sam Walton believed in sticking to fundamental values instead of following fads or the style of others. He learned from his competitors while doing things his own way. Instead of following money, he followed his passion which was to get better and better at retail. Sam had a passion for retail and believed in having a good time while working hard. He was enthusiastic about his retail business because he loved it so much. His belief was if you loved your job that you would always do your best at it. He was an optimistic leader who never gave up, wasn’t afraid to take risks, and was constantly trying to improve and expand the way that he ran his business.

Employees of Wal-Mart were treated as business partners because Sam Walton believed if his employees were happy that his customers would also be happy and would enjoy shopping in his stores. Sam offered stock options to his employees at a discount because he valued them as his business partners and he wanted them to know that they were directly involved in the success of the business.

2. Analyze and describe the founding leader(s), leadership style, and major business principles of a social-responsibility oriented entrepreneurial approach in which the primary is goal to make a positive impact on society (people, families, ecology, or similar) while providing a product or...